Bitcoin Forum

Some of the benefits of Bitcoin ... :) :)

The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.

A bitcoin wallet is where your Bitcoin stored. But the privacy of transactions is already in Bitcoin like how it is developed.
Additional also for having benefits of Bitcoin is being a store of value.
Some people telling that Bitcoin is digital version of gold where you can use it as store of value.

Bitcoin has benefits to it holders. This benefits ranging from investment into bitcoin on a long-term, learning to trade with bitcoin as a career (you must have the skills and strategies to embark on this benefit), gamble with bitcoin(if you're a gambler), mode of payment on the internet. These are just few benefits anyone can get through the use of Bitcoin. It privacy is also one of the tools for holders as benefits compare to other digital currency.

Bitcoin has many benefits on us, for me, it makes me more hardworking and it makes me discovered new things, if you are a bitcoin, you will do more to earn and make money or bitcoins, there are times that you forget or remove some of your habits like playing mobile or pc games, just like me, before when I am not into bitcoin I always play League of Legends but when the time that makes me interested on bitcoin, I quit playing online games because I spend most of my time on the internet, browsing about crypto world. There are many things that make me a better person before I am not able to purchase what I really want but because of the help of the bitcoin, I can now buy what I want like clothes, foods, gadgets, etc. It also makes me so proud to myself because I am now helping my family in terms of finances.

Bitcoin has several benefits especially the fact that you can make anonymous transactions in a very fast manner. Also, having access to all your funds without any control from banks and other centralized institutions puts every crypto investor full control of his funds.

Yes, bitcoin is called internet gold due to its potentials in terms giving people liberation, making people a millionaire overnight and using few dollars to send a million dollars but don't be deceive about bitcoin transactions to be privacy for it transaction are not totally privacy unless you make use of coin join support wallet, bitcoin tumblers or total privacy coins like Monero.

A couple benefits of BTC:
- Completely anonymous
- Fast & easy to use
- Investable
- Increasing acceptance of BTC as payment method
- Probably many more significant benefits that I'm missing here  :D

- it isn't anonymous to be honest
- it isn't fast
- yes it is
- in the future especially if the lightning network makes it way to be accepted by the community
- there are not that numerous benefits of it but I'd say even if it's few they are worth it .

Some of the advantages you mentioned such as protecting transaction privacy will certainly provide convenience in making transactions without worrying about your privacy.
In addition, transaction costs are also cheaper compared to the national currency that is used every day.

But you also need to know about the various risks of using Bitcoin. One of them is the price fluctuations that will continue to occur, the number of bitcoin assets that you have still will not decrease, but the value will decrease along with the current rate of the dollar pair bitcoin price.

Bitcoin is a very profitable investment in the future, but you still need to know some of the risks that might occur.

There is no anonymous at all. Crypto transactions turn into more transparent as we use Blockchain technology and indeed, traceable. That is why almost all exchangers asking for KYC for all crypto holders using their services.

We have our own fully controlled wallet that we don't need Banks to store our Bitcoin but the risk is very high because of hacking. That makes people convert their Bitcoin into Fiat money and send it to the Banks for the said security assurance.

Bitcoin has been created for a certain reason and that to another form of currency which we are able to use it. The adoption takes a long wait and development for this to consider. But the good thing is that we use this for investment which makes people generate gains.

One of the biggest things about Bitcoin's advantage is you can actually withdraw your money without any identification card if you are new. When I was a beginner in this community, I managed to get myself 40 bucks on my first successful job. The first thing I did was I tried to withdraw it without any ID or Bank account. It was successful because in our local exchange at that time, you can actually withdraw a limited amount of money easily without any hassle. If there wasn't any bitcoin payment at that time, I won't be able to withdraw that money on the same day and maybe it will take another consecutive working days to do so.

To me the only benefit is the monetary value because by holding btc you stand a big chance to increase your investment, I have not use btc to pay for any service for a long time, maybe for those who are using it, this is part of their benefit, but holding btc for a much better price is my number one benefit.

yes, you might call it,
but it's still lacking.
A little extra "a few more that are also classified as the most useful" to Bitcoin.
There are other things that are more useful if you use Bitcoin in terms of Buyers or Sellers, If you use a Buyer, you have a huge benefit, especially: in transactions wherever you want, whenever you do, it does not require a lot of time can only be a matter of minutes, You don't need to think about differences in exchange rates, for that if you use a Bitcoin Seller, "in sending BTC wallet to wallet or Withdrawing". shipping costs are very small than others, cheaper than normal shipping costs.

If you use transactions in "Escrow Services" or so-called third parties, this can be useful to prevent Seller and Buyer misunderstandings in your Bitcoin transactions.

The problem with bitcoins anonymity is that there are people that uses smurfs to transfer money that came from illegal activities, this small amounts deposited will go unnoticed if there isn't a watchful eye keeping tabs, the money laundering industry is the most damaging industry in bitcoin because it damages the reputation of bitcoin as an privacy protected currency.

To be honest bitcoin is not that easy to handle, to think the transaction fee is a bit higher to spend small amount for online shopping. But the advantage of using it privately is completely solid since no names, birthday or whatsoever information needed from sender and receiver.

it will be harder to handle if you  don't know how to deal with it,bitcoin is a currency in which you can easily use via online.

Bitcoin is created to help us and not to make us suffer,the only problem is the government helping this to increase the demand.
Instead they are hindering the growth so the true reason of creation cannot be done at our time now.

But eventually like what is happening now,in pandemic the demand for Crypto usage is indeed increasing,meaning people now are getting aware of what can really help them and not because what government is telling them to do.

Bitcoin most popular because of volatility. We are getting advantage of bitcoin volatility and making money. There is many more technical benefits but honestly most of us like bitcoin for above reason. As you said wallet protect privacy which isn't, bitcoin itself protect your privacy if you do not expose your address to others. Wallet just for control your funds, if you use web wallet then it would expose your privacy by so called KYC system. Main technical benefits are you don't need any third party to transfer your fund to anywhere on the world at any time without any central organisation.

Bitcoin is still new technology, eleven years is not enough to completely understand its value, what it really needs for. It is being slowly adopted first among cypherpunks, cryptographers, then among technically-savvy people and last among ordinary users who don't know and don't care about technologies behind bitcoin. The latter need user-friendly interface, infrastructure, regulations to start using it on everyday basis. Bitcoin is not user-friendly yet, people usually have to do some research before start using it. That is the problem that slows adoption, but it doesn't make bitcoin bad, time hasn't come yet.

If you make bitcoin as your assets, then profit will really come to you once you learn the basic and fundamentals on how to manipulate it properly in the market. Bitcoin as a centralized currency really helps individual to have power to manage their own cryptocurrency. All of us can have a bitcoin, all of us can manage it once we are interested to do it.

Knowing the benefits and advantages of bitcoin will really make you grow as a person, especially when it comes to a business or making money. Understanding how it works will make you improve your critical thinking skills in many transactions that you will do. Bitcoin is safe and secured and you will not have to worry about your account once you always improve your security.

The main thing that makes many people like and use bitcoin is volatility. you must have already read the news channels related to bitcoin and you must have realized that the main subject in these news channels related to bitcoin Is the price of bitcoin... They always talk about the price of bitcoin and right here on the forum the main subject Is the bitcoin price "the price forecasts", the "hodl".


In my opinion, this adoption is not yet very large. In my case for example there are 0 places in my country where they accept bitcoin as a means of payment


there are people who are dedicated to wanting to know who are the owners of the addresses that have many bitcoins


I didn't understand this part very well, what war are you talking about?

You have forgotten the blockchain benefits behind bitcoin. It also benefitted to some of the businesses who used this technology. However, it  has so many benefits. Peer to peer and anonymous transactions, paying my electric bills and other stuffs with bitcoin. Acquiring good profits from bitcoin trading, etc. To do this certain things, it is indeed a priviledge. Though as of the moment, there are still some issues and glitch but in due time people will recognize it's advantage

You know that Bitcoin is most popular cryptocurrency, and its popularity is increasing day by day. Those who have invested in Bitcoin, they are still benefiting, and will benefit more in future. The main reason for this, you know that the total supply of Bitcoin is limited, there is 2 million Bitcoin all over the network and it will not increase. so, the logic is, with the increase of people interested in BTC, its price will also increase. on the other hand, many online shops are now accepting BTC payment, many tour agencies accept BTC as their payment method, Bitcoin is making our life easier. that's why many people are interested on it.

There are a lot of benefits to Bitcoin really more than just using it to buy some things online !!! Any other coin can be used to do this, which makes Bitcoin distinctive as it is an existing financial system in itself created to replace the corrupt banking system prevailing in the world (as Satoshi himself said), Bitcoin is a store of value, that is, it has a value in itself and not just a way to shop and this It means that it can be stored with its value remaining (like gold). The most important thing in Bitcoin is decentralization and privacy. It is these things, in my opinion, that give Bitcoin its popularity and power.

Bitcoin is like digital gold where you can store your money and no one can control it. Unlike if you put your money to bank, less interest and can be compromise.

Plus the fact that bitcoin is high volatile it can give us an opportunity to earn while waiting for the right timing to take profit. Its a digital currency but many things can be done compared to fiat.

Its an advantage for me to have a local wallet and can spend bitcoin easily and I can do business as well because they have high rebates for paying bills and topped up services.

If you are using a hardware wallet then you are correct, this digital currency can serve as store value assets. Better
than letting the banks to earn more from your money.


The volatile nature gives traders and investors a good chance to take advantage from both long and short term trading,
depends from how you understand the market.



There are local wallets who serves also as a good venue for business, transactions can be done online plus providing
rebates to attract more end users.

I agree with you on the first but not with you on the latter. I must remind you once again that bitcoin cannot become a common currency. Firstly, its supply is limited and certainly it will not be able to supply more than 7 billion people. Second, the value of bitcoin is always volatile so no one wants to use it to buy or sell anything. Third, the value of bitcoin is controlled by many manipulating organizations, so holding bitcoin will also be a big risk.

Many things online? Well this isn't an advantage over the traditional fiat currency, since we have numerous of them including the centralized digital currency providers like PayPal, Visa and Master card that could be used easily to purchase thing online but the advantage comes into play when you intend transacting peer2peer without involving an intermediate.

Bitcoin has improved on herself in regards to achieving global adoption but we're not yet close to completing that dream anytime soon therefore I don't buy into your idea of of people seeing bitcoin as an idea currency instead it's been seen mainly as an asset class use as investment to give profit.

In regards to the popularity, it's quite obvious since the evidence are everywhere. The mainstream media has the currency name on their lips almost every week and the government aren't shy of the name either although at the moment this advert are usually from the negative angle.

Not only Bitcoin has a volatility because almost all cryptocurrency is very volatile so never differentiate this to others.

And being Digital gold?i think it is better to say "Digital Asset" since we can store this for long time but has a high chances of gaining not like gold that earning little by little each year.

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That is true, you can use bitcoin as a payment instrument as long as the merchant using it.

Did you use bitcoin as your primary payment transaction? or did you ever use it?

Honestly, I rarely use bitcoin as the payment system tool since my country still banned it.

I just use bitcoin as an investment place or a place to gain profit and so far it is working to me.

Bitcoin is a currency and as an investment place either, you can do simultaneously when you having it, and this advantage has never been owned by another place.

So your country supports cryptocurrency/thats why you can buy many things online because in more countries there are different situation and approach.
But you are correct about how many benefits Bitcoin can give but this is for future and not today,also what about that undeveloped financial infrastructure/do you think government will just allowed Bitcoin to enter like that?

Its effectiveness and efficiency in investments are really interesting because many people are trusting it due to its benefits. Bitcoin is not just a monetary value, this is the best digital currency that we can use because of its fast and safe tool for many transactions. Bitcoin can teach us how to become a businesses-minded person for us to grow our businesses. There's something more about bitcoin!

Bitcoin can teach us how to become a businesses-minded person for us to grow our businesses. It will make us futuristic and patient, it will improve our views in money and other businesses. By observing the market and our surroundings, we can make us more adaptive depending on the situation we're in. Especially that the market is not that stable, bitcoin will help us adjust depending on the circumstances.

Since Bitcoin can be use as a payment online so yeah you can buy many things online but the question is do the merchants are accepting Bitcoin. Yes there are some but as of today, not that much merchants are accepting crypto as a payment.

This I don't think so. Yes Bitcoin is a currency but it isn't like fiat that we are using every day.

Since we don't need KYC to transact with other people so yes Bitcoin Wallets provides privacy protections.

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TBH, there are many benefits of Bitcoin right now but we don't see it as not that much are using it right now.

Pretty easy to say "Bitcoin could be use to buy things", but in reality, only a few number of people are actually doing so, and majority is considering it a store of value and just hodling it for future gains.
Infact, some merchants stopped accepting Bitcoin as payment because of lack of usage for such payment option.
Anyway, Bitcoin's volatile nature might be a benefit or a loss.

Also bitcoin can make you pay a certain bills without withdrawal, just by sending it directly without hassle is one of its benefits. Digital transactions using bitcoin is really fast and safe compared to fiat, also your bitcoin wallet is really secured once you make one. By that bitcoin wallet, you can safely store them in that while waiting for the right time to perform transactions.

Bitcoin investors are really happy when bitcoin is in its season where its price is really high than you can imagine. The true benefit of bitcoin is that it can make its user to be successful in life, because once you risks your money for it, everything will be put into its place. It is safe and worth it to use and invest.

More benefit will come when maximum countries will accept BTC so that people then will not carry fiat money that has stolen fear. In traveling many men now use master card but those who has no master card they carry fiat money that is big problem for security. But when BTC or alt will accepted in that side, traveling will be more enjoyable. So i think everyone should come fast beside BTC to make enjoyable life.

thanks.

If I may ask, what store?

I don't think that is how they think about bitcoin.
1. It is just a store of value.
2. An investment.
3. A fast way to make money.
I think that is the truth about why it is popular.
Because of the volatility of it, they are trying to take the risk of making more USD and not more bitcoin.

In the present age, we are all more or less connected to the Internet, many can not do without the Internet. Bitcoin is one of the popular online coins. Bitcoin has many benefits. We can invest in Bitcoin and earn money from it.
With Bitcoin we can make various payments very fast and without banking hassle. With Bitcoin we can protect the maximum privacy of our assets. Money earned from Bitcoin can be easily withdrawn and spent.

Honestly I think btc is arguably not seen as the best ideal currency yet. Volatilty is the reason why, some only see this as an investment and not as a currency as of now. Its a new technology and will take time if it will be an ideal currency. I think among the benefits you just mentioned, the privacy is what makes it different to fiat, because in my country buying online is still best using fiat. Some prefers to choose btc because they wanted the privacy, unfortunately, this privacy is being used by some people in the bad side. One of the reason why btc has the image of scamming, illegal use, etc.

Even if it is not used by the you country, as I am currently experiencing in country of my own Bitcoins there has been no official law, but it has been much profitable for our trading community, and cryptocurrency. As much as I can passive income every trading, investing, joining the project team adds more insight into cryptocurrency. It was very fun.

I am fine with the fact that I am getting profits out of holding it.

Since our country is not that much open in using cryptocurrencies especially Bitcoin, usually I prefer to hold it and keep it for some time. Hold and reinvest when the price is low and sell some when the price is considered profitable. You can't hold fiat and have a profit like Bitcoin.

There are a lot more than that, transferring money via Bitcoin or any other cryptocurrency cuts you cost and delay since there is no third-party or paper works required. However, we cannot leave the fact that there are still services, commodities and goods that are not accessible and payable via crypto. We are too far from mass adaptation, but cryptocurrency is showing a good potential as a medium of exchange as well as investment tool in the future.

Actually that lives us no option mate because no available area where we can spend our Bitcoin.

-No store to Buy stuffs.

-No restaurant that accepts either dine in or take out.

-No There are no Services accepting Bitcoin as Payments

So all in all?there are no option But to Hold and this is what we must do for now.

Well said mate,thats why better Keep the Holding or else not to invest in here.

Therefore, bitcoin is popular and continues to grow its users, because bitcoin has several benefits that are not owned by the another currency.
The first bitcoin can provide profit only by storing it, the second can be used for payments, the third can conduct anonymous transactions, the
fourth can avoid being infected with the corona virus and the fifth has a relatively low cost for the transaction finance between countries.

All are valid and can be add in Op mate because you have mentioned all qualities that Bitcoin can share in this Pandemic and even in future references .

This pandemic really affect the world of cryptocurrency but it doesnt mean that we will stop here because there are so  many things to consider before surrendering .

Not only our daily life but also the economy of each country if will be allowed and adopted by every governments.

Good point. One of the strengths of Bitcoin is that it offers people and its users liberation. You can pretty much do anything with your Bitcoin as there are a lot of online store and other institutions that accepts Bitcoin as a payment. Not to mention that using Bitcoin doesn't really require people to reveal their identity so basically you can use it while staying anonymous.

This is also the case in our country. You've pointed it all out. That's why, just like you and the others, I am still holding my bitcoins.

But, there are really times when I need to buy some things online or send money to someone as transaction so what I do is convert some of my earned bitcoins to our currency. I'm still hoping though that many merchants will consider accepting cryptos as a mode of payment in the near future.

Online selling now grows quickly as the pandemic is getting worse and quarantine is getting longer on which I think bitcoin would be useful if we use it properly. But the question is, do people are willing to buy in form of bitcoin? as for my opinion they would not simply because of the future value that bitcoin could be priced. Bitcoin could make an easy transfer of course from peer to peer transaction, however doing it with banks is easier plus the transaction fee of bitcoin right now is surging, not ideal for a small transaction.
This is the reason why people are hesitating to spend their bitcoins, coz they just hold it, more likely a form of investment.

There are many benefit you can get when you start using bitcoin as a payment method. the main benefit than be the privacy, since you can increase the security after using a simple mixer none can track your payments easily. and the other benefit is the totally supply, we all the governments are printing money without any limitation and decreasing the value of the money like this, but in the other hand bitcoin's total supply is completely fixed and can't be changed. even in 2140, there will be only 21m lucky people who own one single bitcoin in their wallets.

There are so many benefits of bitcoin, bitcoin can be used as a means of payments and it also has a fast transaction, we can actually send any amount of money to our friends or partners in different countries through bitcoin, and bitcoin can also be used as source of income because we can actually make profit from holding or trading with it .

Bitcoin has a lot of potentials to make more benefits to its users. Before there are only a few people support this kind of coin because they now it is just as a scamming coin and piece of trash into the world of internet but by the time goes by it is rapidly increasing and becomes popular which is a good thing because now we are supporting the use of it. AFAIK it js over 2017 when bitcoin becomes more popular in the world and the number of investors is rapidly increasing which is a good thing because it helps a lot to increase the market price of the coin pool too.

Today there are a lot of people supporting the use of the bitcoin as the online payment and mode of transaction because this is the most convenient way and does not have too much verification because some of the platform holding the bitcoin or the wallets does not have a KYC which is a good thing.

Some benefits of Bitcoin in my opinion include Bitcoin can make money by trading, Bitcoin can also be used to buy online goods, Bitcoin transaction
costs are cheaper than fiat for between countries, can make transactions anonymously by using Bitcoin and can be used to make donations to charities.
Those are some of the benefits of Bitcoin that I remember, With the benefits I mentioned, it's no wonder the popularity of Bitcoin is increasing and
more and more peoples are buying Bitcoin right now.

1. Bitcoin blockchain is completely transparent system, so third parties can track and actually do tracking, and are always trying to identify who senders and recievers are. It is true that they cannot stop you from transacting at least on a network layer.
2. It depends on a country you live in. In some countries you should keep records on your purchases and investments.
For example for US citizens:

Source: https://www.investopedia.com/articles/investing/040515/are-there-taxes-bitcoins.asp
3. Transactions fees are only relatively low. If you wish your transaction to be included in the next block, sometimes you have to pay high fees.

Yes, I agree because of volatility the bitcoin really rise up. Through this bitcoin volatility we can get so much money and of course advantages. In here we could get so much money. But then bitcoin is really dangerous when it comes to our investments. Through the bitcoin addresses someone can get personal informations from you so we must always be careful. As a bitcoin user you must always be smart in giving personal informations in different websites. Your bitcoin addresses is really important to make your bitcoin secured. Online wallets or web wallets are far more dangerous and more likely to be hacked that is why we must always be careful.

Of course, bitcoin will have its own positive and negative side. We all see the benefits of bitcoin that is why we remain using it. What you said about bitcoin payments, the traditional currency still remains convenient for most of the people since it is accepted everywhere unlike in bitcoin, most of it is just online but still rare to use it in buying on a physical store.

But other than that, bitcoin is indeed beneficial in many ways just like what others have mentioned. The more we see bitcoin adoption, the more people will recognize the advantage and usage of bitcoin in our lives.

Yes, Bitcoins offers many benefits like peer-to-peer focus, low transaction fees for international payments as well as digital currencies allow sender or receiver more autonomy over their own money than fiat currencies do. But the main problem is the Bitcoin adoption as we know in many countries trading of cryptocurrency is considered illegal. I believe in near future we would use BTC to make payments as easy as other available methods.

Bitcoin has been widely used in various things such as in transactions, investments, short-term trading and also solutions as a fast payment tool even though it's only part of it that uses it for me it has many benefits for us all.
Even our lives can change in our economy because of the existence of bitcoin since I first knew bitcoin, of course I really studied and then found a unique way to be able to take advantage of me in any investment will be done as long as it is profitable even though there is a risk.

The more I talk about Bitcoin, the less it will be. This is a blessing for me. I can't confess everything but I have benefited in multiple ways. Bitcoin has taught me to be very patient, charitable. By this I retain acquired to defend the time, I have amassed experience by doing exploration. Isn't that the vital aspect I can earn?

Bitcoin is a decentralized in the world. Here are some benefit of bitcoin such as:
1) stable: Bitcoin is well stable in terms of pumping in the market that make many people have interest to invest with bitcoin.
2) Good profit: many investors has confirm how bitcoin is very good for investment compare to other cryptocurrencies which their profit is very small.
3) population: Bitcoin is too popular in the market. Bitcoin is good for investment because many investors are use to it in profit making in terms of trading in the market.

Bitcoin also has some notable drawbacks like volatility and scalability problem, which make it not so good payment method.

Bitcoin has many benefits, especially in the developing countries where there is limited access to the financial infrastructures so Bitcoin offers this financial services easily and fast, that's why its having a wide coverage.

There are actually many benefits you can take from bitcoin depending on your usage and situation. But generally, for many people the most important thing is the privacy protection. Since, bitcoin is the first asset made on blockchain and it's PtP this will give a very nice environment for the people who seek to find the best financial market for their privacy. In the other hand, if you country is under sanctions by some other countries and you are having problem with transferring money, bitcoin will easily solve this problem by providing a borderless financial network for the users.

This is if you are living in place where Bitcoin was adopted or open for payments then there is no case and the benefits is really indeed.
But if you are from countries in which the usage of crypto is limited and even sellers online don't recognized this currency?
let us find benefits that the majority will taste and not for limited places.

Benefit of Bitcoin mentioned in the opening post, used to buy things online with Bitcoin, only applies to countries that accept Bitcoin
as payment. Even though there are still a few countries that accept Bitcoin as a means of payment,  and the number of merchants
who accept Bitcoin payments is still small. So the benefits of Bitcoin that really make Bitcoin more popular in my opinion are providing
privacy of transactions,and also Bitcoin as a store of value, especially in a pandemic situation like now, investing in Bitcoin is very profitable.

Right now there are a lot of benefits with the use of the bitcoin, and this is the reason why most of the people are using this coin, I think I can write down some of them.

1. No tax - this prevents to pay a large amount if you are transferring your funds.
2. Fast transaction and transparent - you can monitor the transaction if this is already confirmed
3. Can use to buy real things - there is some crypto platform support buying stuff with the bitcoin.
4. Secured - with the use of the bitcoin wallet.

There are a lot of benefits with the use of bitcoin, also based on my experience this is the reason why I'm using the bitcoin too.

investment that can be profitable and transact without relying on third parties, by keeping a lot of Bitcoin in your wallet is the best investment at this time. maybe this is one of the advantages of Bitcoin that I feel.

Many bitcoin fans must already know the advantages of bitcoin. I feel the benefits of bitcoin from long-term investing, we buy bitcoin when the price decreases and hold it for a long enough time until the price is much more expensive, so we get very much profit.
Another advantage of bitcoin is that we don't have to panic if we want to sell bitcoin in the crypto market because there are so many users and buyers of bitcoin in the crypto market.
if we visit a country that has accepted bitcoin as a means of payment, we can buy something with bitcoin in that country.

In my opinion there are also so many reason why Bitcoin is so much popular among people all over the world. Bitcoin is the most potential crypto coin. By holding this coin for long term anyone can make profit. No one can trace its transaction. You can buy so many things by Bitcoin.

Honestly bitcoin is not that big help. All we are saying it as best tech because it has some unrestricted territory which real currency doesn't allow while using. You know unlimited ways of earning it, anonymous spending and volatile trades etc. However, in grim reality this is tiny portion that we are enjoying out of this tech. I always thought within ten years bitcoin will set a world record in terms of its use and will put visa and MasterCard company out of business.

However, still after ten years bitcoin looks like hell and visa company is faster in terms of processing power.

I love bitcoon too but in a way which doesn't help much.

I used to believe that bitcoin is really revolutionary and it will change the world. However, Years has passed and bitcoin is still bitcoin when i first learned it. I also that it will replace the fiat money lol. The things that i find really useful in bitcoin are its anonymity and its volatility, in which you can use to earn money.

There are indeed lots of benefits that Bitcoin can do provide which makes people choose to engage into it most specially at this time of our current situation is on crisis wherein people tend to switch from fiat going to Bitcoin on a belief that they can somehow save up their funds that have suffered from the negative impact that the pandemic have brought to the stock market. Not just that, opportunities are present as long as you are willing to learn on how you can work it out to make your funds become profitable by doing different Bitcoin related works.

The benefits that the OP have said like paying using Bitcoin on online transactions and purchasing goods are the privileges that are being experienced by those people who resides into those countries where Bitcoin usage is widely adapted. But for those people living on countries where there is just less adaption, privileges are only limited for the demand of using it is not exclusive to all which is in need to still convert from Bitcoin going to fiat currency.

I use bitcoin to make payments for my transactions on Amazon and Alibaba. It's so much fun and so easy. I prefer bitcoin rather than paypal. I thought, that many people like me, use Bitcoin for online payment transactions between countries

Good that you mentioned those few benefits of bitcoin and that is about our financial freedom here and not like in Banks or using fiat.
as long as it is available of course everyone will follow you but you know that only few countries has that option in using their bitcoin or other crypto in their online transaction.

The benefits of Bitcoin are uncensorable and unreversible transactions, and to a certain degree the ability to remain anonymous. It lets individuals control how there money is spend, free from the regulations and controls of authoritarian regimes.

I think the main benefit of Bitcoin is sending money without borders. Also anyone can invest in Bitcoin from a minimum amount and that is a great privilege that we enjoy when we make online payments. The fees applied to transactions are cheaper and faster if we compare them with international banking transactions, in addition to avoiding the paperwork involved in making a bank request. Bitcoin created us the digital world in finance I could say.

calling those all benefits sounds a little bit wrong in my ears .  being uncensored means our transacion is expose in the world and being ireversible means once lost is lost but except maybe to being anonymous , many people loves to be anonymous .

bieng ireversible and being anonymous is what criminals like but they dont like being uncensored . this is what makes bitcoin interesting because it can fit for two kinds of people , one is good and one is bad but at the same time theres also some disadvantages that they must accept if the want to continue using a btc .

The freedom and benefits of bitcoin as an investment and bitcoin do not involve the government or financial institutions in carrying out its operations, and are profitable enough to be used as an investment instrument and free from all regulations that bind bureaucratic institutions.
and has other advantages such as, free of charge and inflation, worldwide use and fast processing, minimum surcharge, very profitable and so on.

Definitely bitcoin has a lot of benefits to us who keeps on trusting, believing and using its awesome features. The benefits and profits it gives are beyond our expectations that it really gives our lives financial freedom aside from being the easiest payment method in digital stores and alike. Now, the trend and popularity in the market are unstoppable and the adoptions are getting much wider across the globe. And this is because a lot of individuals are getting more profits and benefits each day with just the comfort of their homes.

I agree with you on the benefits of bitcoin that you outlined here, only that you mentioned just a few of the numerous benefits of bitcoin.
You didn't mention that bitcoin is a actually a form of investment for Hodlers especially those who hodl for a long time. Bitcoin has also created a means of living for people we call traders. Many traders have even taken trading as a full time employment, making the most of the movement of the market, although one needs the required skills and knowledge to be a good trader.
You should also know that another benefit of bitcoin is the freedom it gives its users. Bitcoin users are relieved to know that their money isn't controlled by the government.

Bitcoin is becoming man closest and easy currency because of it’s digital flexibility.The use and benefits of Bitcoin is very vast with its anonymous transactions. In term of investment bitcoin gives the investor(s) advantage of having access/ authority to all transactions without any control from banks and other centralized institutions that governs every other currency around the world, these automatically puts every bitcoin investor in charge of his/her money using the bitcoin wallet and keeping all security details secret.

Bitcoin can be used in different functions and is not limited to any investment or savings platform, it’s also key to know that bitcoin is a decentralized currency and with that conscious it’s important for investors to keep their wallet details secret and personal. So many times the problem people encounter in bitcoin is security and most error transactions are not traceable as its only uses wallet address.

Bitcoin has a lot of benefits and one of it is being taxless. We can easily make transaction without paying tax though there are some fees that we need to pay in order to transfer cryptocurrencies from wallet to another wallet but these fees can be low or high depending on your choice. Bitcoin makes our life easier than before. It can also secure our anonymity during transactions which is a good thing for those who want to be anonymous.

I think Bitcoin has really connected the world and made things easier. There is a company I once worked with, and the company was in a different country and works remotely with staff that are located in different countries around the world. Coolest thing about them is that they are paying their staff with Bitcoin.

Imagine that there was no Bitcoin, and we all know that PayPal is not available in every countries, but Bitcoin is available everywhere and anyone is free to make use of it. If there was nothing as Bitcoin the company won’t be able to work remotely. Bitcoin has really been a good technology, and has helped those that have adopted it.

Some countries like Zimbabwe and Venezuela utilizes bitcoin to cushion the effect of their already damaged economy and hyper-inflation in their countries, many others like Iran are also looking towards bitcoin as an alternative means of transaction due to sanctions and embargo imposed on them by the developed Nations.
Bitcoin had brought succor to citizens in those countries whose currencies has no value and had provided a means of buying stuffs or goods online,
using it as a store of value is another benefit in place of the convectional banking system.

The only benefits I see in using Bitcoin over Fiat is it is much more faster and cheaper if you would send overseas if you would send a huge amount of money.
Other than that I don't see any other benefits unless the wallet that you are using would offer some benefits on spending Bitcoin on some products.

Here are some of the benefits of bitcoin.
1) Good investors : As a bitcoin users who really understand the areas of market and how to invest in a particular project to make a good income out of the investment. When you truly obey the rules guiding the bitcoin all the time it make you to become a good investors in the environment.

2) Your money is safe: As a bitcoin users your money is well safe in your wallet. Any kind of transaction you want to make with your bitcoin is well safe and very easy in transition. Your bitcoin is your bitcoin and nobody will have access to your coins unless you show the person all your private details.

3) Easy to spend: Any country that bitcoin is well legalized give the bitcoin users easy way to buy and sell any kind of goods and services he or she want to purchase or sell at the moment.

What rules are those mate?

Not being greedy and stupid by investing without proper knowledge?
Depend on what wallet you are using mate,Because hackers is always into our Coins and having a Nano Ledger is the most safest as far as wallet is concern.
actually even those countries that has no legalization but at least government is not interfering meaning it is allowed but not legal and illegal .

Bitcoin is used very little to buy things on the Internet and pay for services, all over the world, regardless of the country. It is not very convenient, but as an investment, or as you gave an example to save the value of their funds, people use Bitcoin very willingly. And I think that in the future they will do this even more around the world. Now people are increasingly understanding the value of bitcoin.

if you study people's reaction to bitcoin anonymity,is not attractive,however it is no more considered to be anonymous. Recently an agency put up some fund to break the privacy of monero, although privacy feature has not produce any outstanding profit for investor recently and the value had relied on bitcoin price movement for a while now. Bitcoin is not considering improving its privacy.

This depends on the country. It is true that bitcoin could offer efficiency to a lot of its users but if it is not that known and popular to a person's country, I don't think you will be able to utilize that efficiency. Right now, most of the people here that are doing online transactions do COD or Cash on Delivery. There are people that pay online but most of them are still using fiat.

bitcoin is said to be pseudo anonymous or not fully private . i also remember that thread or article you are talking about monero , did they break it and find something interesting on that research ? too bad that there are people that will waste fund for that  .

monero is still leading the way tho when it comes to privacy stuffs , that shows that people are really obsessed when it comes to anonymity

bitcoin and other coins that are not created to be like monero but they have thier on charm

How to enabled post??

It is not directly anonymity as Bitcoin provides the freedom for the users to choose whether to remain anonymous or not. How could I say that? Even if you are using Bitcoin for your transactions, whenever time comes that you conduct KYC to an address and use it even with single transaction, you are not anonymous at all. So the freedom here is to not associating bitcoin with your traditional finance, or to withdraw funds and take this freedom away from you. Though you can use mixers to completely cut the track for people to figure out that you are the owner of such wallets. For me, it is just not so user friendly to use mixers as it consumes a very huge fee, on top of the huge fee from bitcoin itself.

you use bitcoin to buy a lot of things online.  but in my country, the use of bitcoin is still limited.  and my country does not accept bitcoins.  finally in my country bitcoin has little benefit.  but I'm not worried, because today I still choose bitcoin for investing and trading.

hello everyone, I don't really understand bitcoin, I read a lot of posts that just assume and some are posts from trusted sources,

I only know that bitcoin is a digital currency and as a medium of exchange, the important thing is that bitcoin can be converted into fiat.

From my perspective the reason while people benefit from bitcoin is because bitcoin is tradable and bitcoin is also a decentralized currency which no one can control or regulate it, many people adventure into Btc because every country is using bitcoin for transaction knowing that government has no power over the currency, looking at it in another aspects or another angle, bitcoin is a currency used to look for another currency such as different countries fiat currency, it's use for exchange of goods and service, so therefore bitcoin has dimensions of benefit in its labour market.

You don't even know what is bitcoin but you started to promote a crypto project? ::) :P

Read bitcoin's whitepaper to know what is bitcoin.

Honestly, I can't finish saying the benefits of bitcoin in my life.  Personally, Bitcoin has given me a lot.  Bitcoin has made me financially prosperous.  What I could not do before, I can do it easily now.  But just as Bitcoin has its benefits, so does your fear of losing funds.  It does not protect wallet privacy.  If you do not want to give your address to anyone else, Bitcoin will protect your privacy. The biggest advantage is that it does not require a third party to send it anywhere in the world. You can send your funds anywhere in the world at any time without any central organization.

I do not quite understand what advantages of bitcoin the author of the topic is talking about when he claims that with the help of bitcoin he can buy a huge number of things on the Internet. Is there any problem to buy all the same for ordinary currency? Of course, if we are talking about various substances that are sold on the darknet, then the advantages of bitcoin are undeniable. In all other cases, it has no advantage as a means of payment if you buy something legal.

Bitcoin is a completely decentralized currency system neither the government nor any authority controls it. As a result of the peer-to-peer system every user here is the real owner of their bitcoin. No one else can take ownership of their bitcoin network. The advantage of this is that the government has no control over the transaction no need to contact any bank later. The identity is kept secret in the transaction money can be laundered anywhere in a short time the latter can be sold at a higher price through savings.

Bitcoin gives us a lot of help in our daily lives, as a normal student, I considered cryptocurrency as my source of income, it helps me to sustain my needs as a person, and as a student, that is how bitcoin help mine in my everyday life. It also helps me to install software that I need in my school. I don't want to install crack software because I have something important data on my laptop and I know that tow loading crack software or application can put your device at risk.
The bitcoin wallet is the one who holds our funds and not is responsible for the privacy of the transaction because the privacy of the transaction is in the cryptocurrency itself.

Bitcoin is the most popular innovative idea at this moment and now a days Bitcoin is considering a popular online transaction gateway though its value is fluctuating everytime. Bitcoin is the most secured payment method and its transaction fee is too low than another gateway. That's why prefer is for making online payment.                 

To be honest, bitcoin is getting more mainstream. In transactions their is no maximum limit to receive and send. There might be limits on trades site however in bitcoin wallet there is no restriction. You can send million or billion worth of crypto and nobody will actually ask you an inquiry. Also, most significant part all this things will happen with just low transactions fee.

If you don't really understand what bitcoin is and its technology, you need to read and visit this forum every day and get involved in every discussion that is held. That way you will begin to learn and understand what is on this forum and about bitcoin. Bitcoin is not just a digital currency that can be turned into fiat.
Bitcoin is very unique with technology that will continue to be developed and will be very useful today and in the future.

I still think that there are more people who got benefits from the money side rather than from the features of bitcoin itself.
because the adoption of bitcoin as payment is still low.

with the high volatility and slow confirmation time, I would not count it as an ideal currency.
also due to regulation, it can't be accepted globally.
however, I still love and enjoyed bitcoin.

Additionally I can say that only 2 million plus bitcoin is left to be mined and large institutions are showing their interest on bitcoin and investing here.The time is coming very soon when the bitcoin will reach as high as the 'Everest.'

Bitcoin have been running over 10 years and profitable. I'm fully confident over Bitcoin that's the reason I would rather go to Bitcoin. The only one I am absolutely certain about would be BTC. It’s the one with the strongest fundamentals and is most likely to have long term longevity. Every other Crypto is subject to change or is too far behind BTC.

The only thing that you considered as the benefit of Bitcoin is the main reason on why Bitcoin was created. It was created for transactions and it was used to pay for things electronically. If you wanna say 'Benefit', we must pertain to the things that we can gain in exchange our knowledge of Bitcoin which is financial freedom. As long as we can earn and gain Bitcoin, we are benefiting from that financial stress. Another benefit is the knowledge about the Cryptocurrency Industry which is being utilized thru the Internet.

Bitcoin has made a lot of benefits to society and to the financial system. Bitcoin isn't created just to gain more profit on it but because of its unique features, the reason why many people are using it. Blockchain is a next-level technology that super complex but definitely have a good usage.

Many people are already gaining a lot of profit in the finance through trading and investment, and that's mainly because of bitcoin.

Bitcoin is now very useful and in terms of benefit, bitcoin play as an alternative source of income. It also one of the easiest way of paying and buying online. You can buy load and other things online using bitcoin, you can pay bills using bitcoin and you can earn more using bitcoin. Transaction in bitcoin is hassle free unlike in fiat money.  I believe ,for the continues development of bitcoin ,it will become more beneficial in the future.

Actually bitcoin wallet doesn't protect "the privacy of transactions" a wallet is where you can store your bitcoin, and the main aim of bitcoin was decentralization that's eliminating the middle man in every business transaction,in this case the banks where the middle man in business transactions, so bitcoin came to eliminate them, bitcoin has several other benefits, alot of people call it the digital gold, because it can be used as a store of value, recently companies have started buying bitcoins and using it as a store of value.

Bitcoin is an investment medium, when you have bitcoin, your mind is sure to have hope to meet bills and it also has monetary values. During the lockdown period, many people who couldn't go out were investing in bitcoin and as such were not still idle, which they will reap soon. The fact that I'm busy with the bounty also saves me a lot. Bitcoin's privacy is also a good value.

what I know is bitcoin is fiat, I got bitcoin so I have fiat, although many say bitcoin is for investment but the main goal is fiat.

Fiat is far different from Digital currency mate and Bitcoin is a Digital currency now Fiat,but i know what you mean here is that when you have bitcoin you can convert to fiat or use as payment method right?
in that part you are correct and it is good to have Bitcoin  than Fiat because of the advantage of earning more while you are not spending though it can happen vise versa but things in investing world has that risk.
so either accumulate Bitcoin or stays in fiat mate.
but the main benefits of Bitcoin cannot be seen today but in Future when the world accept it and trusted .

Good place for investment if you will take time to understand the potential. You can't just blindly invest and suffer once the market begins to act unfavorable to your position.

You'll be able to gain good compensations when you keep tracking the market, aside from this benefits, you'll also have the luxuries using it as alternative fiat when you needed to transact online.

The latter part of your statement is indeed true. That's one of the characteristics of bitcoin I love the most. The transaction is direct without any third parties. Less hassle, right?

With regards to the former part of your statement, I can relate with that as well. Bitcoin has indeed helped me financially. As I grow older, I realized that earning money is hard especially if you only have one job with minimum salary. That's why I'm just grateful that I have Bitcoin as another source.

privacy is indeed number 1 which is the advantage of bitcoin that I really like where I can make transactions that are not known by anyone and are not tracked by other people
besides that the security is very good compared to a bank, it is very helpful so that I am not afraid to lose money if it is not my fault different from a bank where operator error can be fatal and very detrimental to others

There are a ton of advantages to Bitcoin truly something other than utilizing it to get a few things on the web !!! Some other coin can be utilized to do this, which makes Bitcoin unmistakable as it is a current budgetary framework in itself made to supplant the degenerate financial framework winning on the planet (as Satoshi himself said), Bitcoin is a store of significant worth, that is, it has an incentive in itself and not simply an approach to shop and this It implies that it tends to be put away with its worth staying (like gold). The most significant thing in Bitcoin is decentralization and protection. It is these things, as I would like to think, that give Bitcoin its ubiquity and force

Indeed, having a full control with our assets that can be access even at home without having complicated verification is really convenient to us.

Its not just a currency that can be use online to purchase but a kind of investment that is proven to be profitable of long time users. Recently I bought a goods and the seller is accepting bitcoin, its a big help specially in times like this wherein there's a limitation when going outside because of the virus.

Yes becoming popular because of that benefits and i think you know that bitcoin can gives us good life. Like you invest your money in some investment site instead of investing in bitcoin because we all know that bitcoin can blow up anytime and that investment your money become x3 or more. So much better to invest in bitcoin that to others.

This is the reason too why most of the people are using the bitcoin because of its kind of security structure but the problem is there is no support like the other centralized, like what if you made a transaction and you want to cancel or close the funds you cannot make this, this commonly happens when we are sending bitcoin to other people they can make a double sent to make a traffic on the transitions, it's better to do a 1 confirmation first before making the 100 percent of the deal. If you made a mistake you cannot ask for help from someone because again this is decentralized, but for sure ask too in our forum because we have knowledgable members too.

The reason why you should opt for any cryptocurrency (Bitcoin, Ethereum, Litecoin, XRP )The world’s economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole transactions is going paperless as it is now the quickest way to transmit from anywhere to everywhere. Since the cryptocurrency is not issued by a central authority, so the government can’t seize it.

Here are a few benefits behind it.

One of the major benefits is the Low Fee. In comparison to the common method of bank transfer, the fees charged by the crypto exchange are very low and due to low fees on every transaction cryptocurrency has been quickly gaining the public eye.
Secure your Personal Data-A cryptocurrency payment process along with a third party (Any Best Exchange) will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.

Indeed. We are now highly digitalized and Bitcoin has a lot of things to offer for us. So many benefits as often mentioned and as for me, it really made me have the feeling of always pursuing my goal, the hunger to strive more harder to gain more profits and to have a financial freedom one day.

Well hope every people in the world realized that and specially the government because those are the only hindrances why we cannot reach the top.
we are keeping behind the target because of denial from the government and the people who have already heard about crypto currencies.

Bitcoin is a decentralized currency which is not control by the government.
Here are some of bitcoin benefits:
1) Good trader: Good trader is one of the bitcoin benefit someone can achieve in the areas of market. Before someone can become a good trader show that the trader has experience so many things in the place of trading.
2) Good rank: A good rank in the forum is also a good benefit someone can achieve to improve in the platform.
3) wealthy: Using bitcoin to invest in different project can help you to become a wealthy man or woman in the country. Many people has achieve so many things in this platform to grow their businesses.

That is why Bitcoin is anti-mainstream, many of the innovations it provides can overcome various problems in the current financial system. multi-functional can be used as an investment tool, trading commodity, and alternative payment, although its adoption is still limited. With all these benefits, users can get security, confidentiality, and transaction transparency. Very effective, even though there are some obstacles that are afraid of many people such as high volatility. Doesn't everything have a risk? as long as we are able to adapt, we can certainly minimize the risk.

A lot of people are hesitant with bitcoin because of the usual reasoning of volatility and aside from that the duration/fee of transaction. But if they will use other alts like maybe xrp or doge as payment, they won't complain much about the volatility and tx duration. But the problem is, btc is the most popular crypto up until this day, so it is hard to introduce other coins to the mainstream consumption. But if more and more people and merchants will patronize the usage of btc as payment, I guess those volatility factors will not be a question anymore from the users.

I agree that Bitcoin demand continues to increase, because Bitcoin does have several benefits. There are several benefits that I feel
for myself, such as profitable for investment, easy to use, has low transaction fees for sending funds abroad, can be used as payment
and is safe for transactions. With some of the benefits I mentioned, make people interested in learning Bitcoin and in the end trust
Bitcoin more as an investment than any other asset.

Personally I am getting benefits from Bitcoin. In different situation, I use Bitcoin. As a large number of online shops are offering products for Bitcoin, I buy without any hassle. Besides, the transaction of Bitcoin saves my time and money.

The benefits of keeping Bitcoin are certain.
1, Bitcoin has worldwide payments. You can go anywhere in the world and spend Bitcoin when there is support or you can sell Bitcoin through OTC channels.
2, The chart of Bitcoin is always the bullish trend of Bitcoin, accounting for the majority of the movement and development of Bitcoin, so there will always be an opportunity to increase prices. Bitcoin is a good long-term investment.
3, Bitcoin is highly valuable and safe when stored properly. You can store millions of dollars in Bitcoin without any risk since Bitcoin's network is very safe and secure.
4, Bitcoin against currency collapse, history has seen Venezuelan citizens overcome currency collapse in Bitcoin.

Bitcoin possibly gives you an advantage if you believe in it. Never fault bitcoin if you're losing cash; nobody drives you to make profoundly contribute with it.
I saw peoples relying upon bitcoin, and when they see the market is falling, they begin mishandling it.

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On the off chance that you need something with bitcoin, you need to contribute something as well.
Contribute your time and spotlight on the market. Obviously, bitcoins have lots of advantages, yet consequently, we need to give something as well.

This currency would benefits from the fact that it is an international standard. The value of your government would not be exposed to inflation, whether or not it is doing well or badly. To spend it in one country or another, you would not have to pay special fees. You don't have to trust the banks to keep it, you can keep it on your own.

Agree, the ease of buy and sell of Bitcoin cannot be over emphasis but also include it conveniences while make purchase online. Most of my purchase these days are done online through Bitcoin becasue of it high level of privacy. This is the best i have ever wanted in any payment method online and Bitcoin gave that to me. Also, the freedom this Bitcoin gave is second to none.

so you are lucky that living in country that has accepting Bitcoin but the problem are those who lives in limited access to use their bitcoin mate.
But still this is an advantage and must be thankful
but those also the reason why governments hates Bitcoin to be legalized because they cannot put strings on this and cannot make taxes.

Sadly, there are only like countable number of merchants here in my country that accepts it as a payment method.
Many would still prefer the traditional way of holding local currency because it's what they got used to do in making simple transaction. Kudos to those who were willing to take the risk to adopt it even if it was an unstable currency.

One of the main benefits is privacy that is the first and most important and second are remittances that if it is the great boom

Bitcoin has a lot of benefits, and the privacy of your wallet is already on your bitcoin wallet and how you can handle your security. Bitcoin transfer online or payments online is more likely popular when it comes to cryptocurrencies and it is used nowadays especially pandemic. People are more likely to used online payments and online transfer for them to give some help to their relatives.

Bitcoin has been very advantageous in this time of pandemic because with just one click online, your transaction will be successfully send safely and secured as long as internet connection is stable. Aside from having a convenient online transaction, bitcoin is also known as a good store of value and a good investment for our retirement. But bitcoin has also its own risks so make sure to study it first before using it.

Bitcoin is popular due to it's important in society, the currency has values and it can be secured in different dimension to avoid lost because its decentralized currency, so therefore government can't control its functions in cryptocurrency transactions, in another hands bitcoin is influential because of it's regularisation in price and investment which can yield profit to whom ever that adventure into it with precautions and finance which can attributes a source of getting rich within a period of time.

This is really great is your country has a lot of users of bitcoin or other crypto currencies. But in terms of other countries where the number of users of bitcoin is so low, the acceptance of it is also low and we can't always use to things we wanted to that is why we are stucked on using fiat, we can convert some of it though to cash and use that.

Bitcoin is indeed useful in different ways like investing, trading and online payment method. It's very helpful during the pandemic because it become an alternative source of income of many people who lost their job because of covid 19. And now it  become more popular all over the world. The adoption also increasing like it's value.

Also transaction is irreversible, which make you accountable on every process you take. Bitcoin mostly used for investment rather than spending specially if transaction fee is expensive for the purchase. Bitcoin seems to be high again which we may keep till it happen and get profit.

We have to admit that Bitcoin has been an asset that owns the best performance in the past 10 years. It also has been added into different portfolios much more often than before.
Thus, many bitcoin derivatives such as Bitcoin Futures, Bitcoin Options, and Bitcoin Wealth management came out.

Many people must be familiar with Bitcoin futures and Bitcoin Options. But now, Bitcoin Wealth Managements also start getting some eye-contacts from the market.
Such as BitOffer Quantitative Fund which guarantees 20% Annualized return & 100% the original investment, in the past, no one will think it is possible to do that. But since now, the arbitrage strategies can be made because the bitcoin financial ecosystem developed and improved.

If you guys are interested in the Quantitative Fund I mentioned, feel free to discuss more with me on telegram: @bitofferqa
Or you can just go check on our website: https://www.bitoffer.com/finance/Def-Win-No1

Bitcoin will become real digital gold with a complete financial system.

I have answered this kind of question before. I have repeatedly said that the benefits of Bitcoin in everyday life cannot be overstated.  This is what I am saying from my personal life.  I used to play computer games all the time.  It would have wasted my time as well as a loss of my eyes as a bonus.  But playing this game would not have benefited me financially.  But now I do bitcoin mining without wasting time playing games.  Bounty is done most of the time.  In this, I am getting money in return for time.  I am now self-sufficient only because of this bitcoin. Another advantage of bitcoin is that it does not require any third party to be exchanged.  That is, it is a decentralized process.

Bitcoin has showed so much benefits to the users that make the BTC  community more popular in the country. Many has improved in their businesse with the help of bitcoin which is not too slow in profit making compared to fiat money which people think there is no other currency than fiat until they tested bitcoin to discovered that bit is more better than fiat money.
Your wallet is well sure unless you disclose your transaction details to public that will make your money not to safe in your wallet. You can buy and pay with your bitcoin without a worry of fiat money.

Speaking of the benefits of bitcoin it’s numerous but I appreciate it more because of its anonymous nature and not being centralized and controlled by the bank. Bitcoin keeps the user in charge of his/her funds and has multiple use in term of financial transactions.

If you want to protect your privacy transactions, there are alternative coins specific in privacy like Monero, Zcash and etc that has this features.

Back to Bitcoin, ofcourse mate! Bitcoin has a lot to offer to us. Though in reality it only has a simple matrix of use case, peer to peer transaction, but what prevails to it is the trust and belief of a lot of people and its future.

Benefits on my opinion are:
1. Peer to peer transaction for lesser fees, transparent and safety removing the 3rd part involvement especially the financial institutions (based on whitepaper).
2. Security and privacy of wealth. You can hide your assets in form of bitcoin (for tax purposes)
3. Today, Bitcoin is now a very used medium currency in online world.

There are many benefits of bitcoin such as:
- User Autonomy
- Peer-to-Peer Focus
- etc

I have to contribute something on this, You are right my dear friend, bitcoin is faster in transaction than any other currencies, but I want you to understand that it not every one that can afford the charges of bitcoin, You can use bitcoin machine to transfer money across the world, but you have to know that crypto currencies charges is very higher then other currencies, Some bitcoin Atm charges are 10% or higher, Will you be happy if 10% of your money is deducted? I guess the answer is no, So you have to understand that bitcoin is choice ok, Is something you need to understand before you go into. If you can accept the charges then you go ahead, bitcoin don’t have a physical bank? No customer car line to call for help, everything is on your own risk, Sometimes bitcoin is very difficult to understand.

Another thing to add about Bitcoins security is its way on how people can use it without minding of losing their Bitcoin randomly. They are sure that whatever they are paying for, they are only paying for it at the right amount and no extra charges, ITS TAX FREE!! (for now). The only fee that incurs payment with Bitcoin is the gas fee that you are using to transfer Bitcoins. Learning about Bitcoin is already a benefit that you can have since its extra knowledge that can be monetized with.

Same thing in my country as well, most of the people I knew doesn't even know what bitcoin is aside from the fact the it is used by some scammers. I have high hopes of bitcoin in the future too but as of now, I can't live without using fiat currency. Haven't seen a restaurant accepting bitcoin in my whole life. I promised myself if I've seen one, I'll try to use it. For bitcoin to be used by the people in the future, we should engage in using it too.

For me, currently, bitcoin has several benefits, for example:

• Privacy, you can send and receive bitcoin without identifying yourself.

• Another advantage is speed, you can send bitcoin to someone on the other side of the world and a few minutes the other person will receive

• Value reserve (digital gold), being limited to 21 million units, bitcoin is scarce and a deflationary asset, unlike FIAT money, which can be inflated by governments and central banks around the world.

• And finally, and for me one of the most important ones, bitcoin is decentralized, you don't need a third party involved, nor a bank or anything like that to be able to send or receive bitcoin, you are your own bank  :)

the advantages that you mentioned are true, but you must know that behind the advantages of bitcoin there are several weaknesses that might pose a threat to many people, the most obvious weakness is the total supply of bitcoin, when bitcoin only has a supply of 21 million pieces of bitcoin. it will be very difficult to be used by all people in the world, because there will definitely be price inflation that will make many people lose even though some can take advantage of the unstable price movements of bitcoin because everyone in the world uses it.

so stay careful with the steps you choose and the weaknesses of bitcoin because it is the biggest risk.

Privacy is not just a benefit but it is our right to get anonymous because we cannot reveal our own identity and if we do that, tax collector will surely chase us. Speed is really one of the advantage and benefit of bitcoin compare to the currency right now because we can easily send money on the people we know in just a few minutes unlike the fiat currency. Earning using bitcoin is the best advantage or benefit we can get by using bitcoin and i am very happy that i am earning right now through bitcoin.

There aren't enormous benefits to mention about BTC. But it is the opener of probabilities of digital currency. It enhances the direction of summoning extra people online.  It presently seizes the spot of morality that can't be breakable. Btc is simpler to utilize and its transaction expense is meager than international transactions. It is susceptible to utilize without physical money.

There is a lot of Benefits of having bitcoin of course the main reason is to make profit in investing on it. Aside from that it is really use it to the transaction because it easy to use compared to the others . Every year the name lf the bitcoin is known by a lot of people and it is good for the crypto world because it means it grow our community and everyone will gets benefits to the bitcoin.

Yes, I really agree with you, it has the positive side and the negative side.
Bitcoin cannot be inflated as it is limited to 21 million units, which will determine the value of bitcoin is its demand, the supply will remain the same (21 million) and what will vary will be the demand for this cryptocurrency.
In my opinion, Bitcoin is like digital gold

Most of the bitcoin users' goal is to gain profit on cryptocurrency and that's one of the advantages of being a crypto user.

I benefit a lot from cryptocurrency and helped me in different things especially in the academe. But the important thing for me is the knowledge I gain in cryptocurrency. It will become useful in the future especially right now where blockchain is in demand.

This is also the stepping stone for the implementation of a cashless society in the future, maybe it's the greatest benefit of the bitcoin.

Bitcoin has a Very Low Transaction Fees for International Payments
Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. Bitcoin uses an encryption algorithm that hackers cannot crack. And Bitcoin is easy to track, and all Bitcoin transactions are publicly archived on the network, which can effectively prevent illegal activities

No need to argue anymore to bitcoin. It is one of the greatest invention and discoveries in our era. The period wherein digital currency is exposed to the public, bitcoin will become the mainstream when digital currency becomes the trend. Bitcoin is easy to use and available in every crypto exchange online. Soon as the utility of all cryptocurrency increase, people tend to buy more and more bitcoins because we can use it in p2p, payment and transfering of money in domestic or abroad.

Indeed, their benefits on bitcoin are the profit itself, that they can make their own money in their own way. We all know that there are lots of ways to make your own money using your bitcoin, there are investments, trading, gambling and etc. As time passes by, bitcoin is becoming famous all around the world and every country is adopting its usage since bitcoin can make every transaction all around the world possible and fastest to do.

I'm sure that here many see bitcoin as a place to store value or we can call it an asset, where the benefits offered are so attractive with a unique way of working. In recent times several goods and service providers have also started implementing payments using cryptocurrency, one of which is bitcoin. There are a few more things about positive values that we can take and that too depends on which angle you are trying to take advantage of.

Bitcoin is the first digital decentralized money with in-built digital scarcity. Bitcoin's finite, intangible supply is the feature of Bitcoin, not a disadvantage. Never before could we imagine something digital and, at the same, time impossible to copy. Secondly, the total supply of bitcoin is not 21000000 units, but 100000000 times more than that. Thirdly, it doesn't matter what the total supply of bitcoin is. When supply is known and verifiable, it will cause the market to adjust prices and purchasing power of money, no inflation is needed.

Transacting with bitcoin is very easy. Can transfer to the rest of the country quickly and easily, as long as it is connected to the internet.
Bitcoin stored in Wallet already has a wallet address automatically when it is installed, either with a laptop or PC, smartphone or tablet.
Open the wallet app and enter your destination address and the amount you want to transfer and send.
This is just one example benefits of bitcoin.

Bitcoin is the most mainstream as a result of instability. We are getting favorable position of bitcoin unpredictability and bringing in cash. There are a lot more specialized advantages however actually the greater part of us like bitcoin for the above explanation. As you said wallet secure protection which isn't, bitcoin itself ensures your security on the off chance that you don't open your location to other people. Wallet just to control your assets, in the event that you utilize a web wallet, at that point it would uncover your protection by the alleged KYC framework. The principle specialized advantages are you needn't bother with any outsider to move your asset to anyplace on the planet whenever with no focal association.

Bitcoin Wallet has no specific holding capacity. Can save as much as you want. It can be transferred for a very low transaction fee. Bitcoin is currently legal in many countries. Bitcoin can be compared to the next gold. Currently many online Ecommerce, casino site accept bitcoin. Many people now choose Bitcoin for early money transfers. Which they can do on their own. No third party is required.

The primary benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin transaction. Also some of the benefits are as follows:

Lower Fraud Risks for Buyers:
Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller.

Reduced Transaction Fees:
Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.

No Involvement of Any Third Party:
There’s no involvement of a third party. No one can freeze, tax, or claim your coins. They cannot be stolen and cannot be seized by the government in no possible circumstances

Totally agreed with you, before I knew about Bitcoin I used to spend my time playing mobile games and watching TV series, after that, I started to work hard to earning bitcoin because here it's not required to complete your study and has years of experience to work with it. All you need will hard work and attention. Also, it helped me a lot for getting my study expense, and with the money left I supported my family financially.

well, looking at what has happened to you, bitcoin is very visible to provide many benefits for you, unfortunately there are still many people out there who do not understand what bitcoin is and are still having trouble getting bitcoin, they think there is no other way to get bitcoin besides mining, there are many ways to get bitcoin with the work that you can get from the internet that can pay in the form of bitcoin.

Not only bitcoin, in this world you can't get benefit from anything if you don't understand what it is that you are working with and how to get benefit from it in a better way. And for that i would recommend to study about it ( anything that you want to work with) and try to get knowledge about it as much as possible.

Bitcoin has many benefits, that's why it's becoming popular in the world. The best benefit of bitcoin for me is that it's a great payment system. I can pay or receive any amount of bitcoin without a bank's permission or government notice. It' easy to use and for me it's better than bank cards. Because maximum bank cards of my country have limit but bitcoin doesn't have any limit.

From its invention in the mid-2010s, bitcoin has made a revolutionary impact upon the money transfer industry. The use of bitcoin has removed the trivial hustle of paying through traditional banks and currency conversions while making our job more convenient. But that’s not all usage of bitcoins may prove to be advantageous under various circumstances.

Buyers targeted to fraud
Buyers, with the help of bitcoin, can pay without providing any amount of identity. So hackers cannot ambush the customer, and the customer will be secure from targeted data breaches.

No more credit squeeze
Unless you have issued an extraneous amount of currency, leading up to 21 million, which is the limit, you are safe from any amount of inflation. Your coins will be untouched and purely the same amount it was before you cashed in or out.

Transaction allowances curtailed
Unlike the regular banking system, where transferring money comes with a lot of miscellanies of
Allowances, bitcoin comes a lot more affordable with significantly lower fees for transactions.

Versatility
Bitcoin is, essentially, versatile, for it can be used anywhere without any currency change while you are on the go, internationally. All you will need is a memory stick for transferring bitcoins as you commute.

Those benefits that we can get from bitcoin is actually planned by Mr. Satoshi Nakamoto. All of that is for us to have a easier life on using bitcoin, enjoy bitcoin and to be the ideal currency so that we don't get disappointed and continue using bitcoin until the end. There are really lots of benefit we can gain from bitcoin and those are being anonymous when having a transaction, easier way of transaction long distance or short distance and also it is tradable so that we can earn with out own money.

Bitcoin has a lot of benefits indeed. Bitcoin has been existing for over how many years now. I can say that bitcoin really helped make transactions more secure because of its decentralized nature. Bitcoin has really a lot of pros especially for those who know how to utilize it on their advantage.

Because of bitcoin’s decentralized nature, privacy of the sender and the entire transactions are guaranteed. Of course, unless they would use a KYC platform in transacting. Otherwise, anonymity is assured. Bitcoin serves as alternative form of digital payment and currency as well. This provides convenience to the users especially on investing side because they can easily buy, sell, invest, and trade all at once in one platform. These things must be done carefully though to avoid getting scammed and low return of investment/profit.

Bitcoin has been running smoothly and contributed a lot of help to everyone. It just depends on how someone would play his cards to generate income. In addition, the investor must always be on his guard because like stock market, bitcoin’s value vary time to time as well.

Bitcoin helps in purchasing and selling items from companies and people that accept bitcoin as payment and also aids in online shopping.

There are also other digital wallets that can receive and send  money without any approval of the bank or the governement. It's not the best part of bitcoin and I guess you should use it more to the peak of its potential because it has a lot of applications. The best benefit for me is it gives me profit through investment or trading. Also, the anonymity every transaction is what every user needs.

Decentralisation is one the most unique characteristic of bitcoin, no one can take full control of your funds even the government. Its true that there are wallet which is regulated by the government, but you can choose not to use it since there are lot of wallet which give you freedom and full control over your funds. Plus its best to choose when you want to make transaction anonymously. Bitcoin is Bitcoin today because of this features.

Bitcoin is the most standard because of precariousness. We are getting a good situation of bitcoin unusualness and acquiring money. There are significantly more specific focal points anyway really most of us like bitcoin for the above clarification. As you said wallet secure assurance which isn't, bitcoin itself guarantees your security in case you don't open your area to others. Wallet just to control your resources, if you use a web wallet, by then, it would reveal your assurance by the supposed KYC system. The rule specific favorable circumstances are you needn't mess with any pariah to move your resource for any put on the planet at whatever point with no central affiliation.

Currently Bitcoin transaction fees are satisfactory. I think in a decade or so later Bitcoin's payment protocol will probably be more polished and usable so that the fees are not likely to be higher. Because it will discourage bitcoin users from using bitcoin. So it needs to have some solution like LN or reduce miners. As a result, there will be no need to increase transaction fees.

Bitcoins benefits are too many to mention based on each individuals personal experiences in Crypto world. Indeed, this brilliant creation of Satoshi Nakamoto has gone a long way and continuously amazes us time after time. I believe that Bitcoin is being made to be famous and widely used by many individuals with all the liberation, convenience, and more profits it offers.

There are actually a lot of benefits of bitcoin that we can feel in its use. Besides being a digital currency, the value of bitcoin brings benefits to those who use it to trade and invest in crypto. The technology that bitcoin offers as a digital currency, has much unique system than conventional money.
In the concept of its use, bitcoin puts the privacy of a person who is anonymous and is not known to the public because it does not include the user’s personal data.
This is just one of the many other benefits of bitcoin.

That is true that there are many advantages and benefits bitcoin has compare with other cryptocurrencies. The developer of it really think and conceptualize on how to make bitcoin very useful and beneficial to all the people who will be using it. It really show us why bitcoin is the king of all cryptos and will definitely be the undisputed cryptocurreny.

For bigger investor have benefit use bitcoin because when sending much money trough bitcoin could lower fees transaction and not difficulty how sending use the money. Maybe when sending billion USD with bank need pay administration and take long term procedure for sending by filling many form. But when investor use bitcoin for sending money just open their bitcoin wallet and sent without few minute bitcoin received to other wallet and have lower fees transaction, maybe if bitcoin become legal transaction will make bank empty from investor to save their money and better hold money in bitcoin wallet.

yes Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller. and also Each bitcoin wallet transaction is signed by an authentic digital signature before it is sent to a blockchain. This complete process makes the app a safe place for storing and exchanging cryptocurrencies.

Bitcoin resembles a favor for us, it has numerous advantages. You can procure bitcoin without doing persevering or burning through your time.
It has the capacity to build its cost in a brief time frame period so it's an extraordinary wellspring of contributing as compare with other stock.
Not just this we can send cash around the world. The anonymous exchanges make it taxes free and the bank won't take any activities.
I quit utilizing another Payment gateway due to their exceptional expense and move to bitcoins. It set aside my time and cash.

Advantages of Using Bitcoin

1 Independence From Political Agents and Creators

2 Anonymity and Privacy Relative to Traditional Currencies

3 Generally Lower Transaction Fees

4 International Transactions Easier Than Regular Currencies

5 Increasingly Wide Acceptance as a Payment Method

6 Greater Liquidity Relative to Other Cryptocurrencies

besides that in my opinion the benefit of bitcoin is a blockchain system that eliminates the financial centralization system coupled with an anonymous system that makes transactions safer
I really want to outline all the benefits of bitcoin but it will probably be very long
what is clear is that bitcoin allows everyone to transact easily and quickly and benefit from scalping without being aware of beginners

Bitcoin very easy to invest compare to fiat money, that if you are  not careful you will invest in the hands of scammer that will turn your efforts to zero in your business because you invest in a wrong channel. Bitcoin transaction is fast and easy compare to fiat money transaction, that will take some days before it can be Successful before the owner can make use of the money.
It improve people investment when they invest in the right channel that will lead them to their next level. It make many newbie improve base on other people rank in the forum with their quality post.

Bitcoin is a digital and global money system currency. It has a lot of benefits.
Here are some of them.

   •Bitcoin has greater liquidity relative to other cryptocurrencies.
   •Hundreds of merchants accept bitcoin payments, as a result the acceptance of bitcoin as a payment method is increasing day by day.
   •Bitcoin is a very easy transaction method. Bitcoin as an international transaction, is easier than regular currencies.
   •Bitcoin comes with lower transaction fees.
   •Bitcoin takes care about customer's privacy.
   •Bitcoin is not controlled by any political parties or creators.
   •Bitcoins allow buying of goods and services online.
   •Bitcoin is faster, cheaper, more secure and immutable.
   •Bitcoin mining is pretty much profitable.
   •By using bitcoin people can easily send or receive money across the internet.

People can easily trade bitcoin for cash or assets. Bitcoin has a high market value nowadays. So, bitcoin is very profitable in today's world.

for those who don't like complicated regulations that often hamper conventional financial systems, bitcoin is the right choice. even for sending large funds, there are no special conditions and it can be done quickly and instantly. It is different if it involves large funds in a conventional system, surely the regulations are more complicated, there are a lot of letters or permits and additional admin fees to solve it all.
On the other hand, this is a weakness of bitcoin that can be used for illegal activities, yes, but it all depends on each person.
As for beginners, this looks quite complicated, let alone a lot of scammers, so you have to be more careful and study this ecosystem first. choose a wallet or exchange that is truly trusted. because we are responsible for our own assets in a decentralized system.

Care to explain how reducing miners is going to help reduce fees?

Bitcoin is not anonymous. Why do people keep on assuming that the transactions made with bitcoin is always going to be anonymous? The person who is making the transaction can eventually be traced unless that person takes drastic measures to hide all his footprints. And what makes you thing an "anonymous system" is going to make transactions safer? It might be safe for the person doing the transaction, but not the person receiving it.

Tax free probably in some countries. But in most of the countries you will have to pay tax as soon as you convert bitcoin to fiat.

We are blessed right now because we get a lot of benefits to the bitcoin , first we earn more profit to this coin because at this moment the movement is good and I think we will get more benefits to the bitcoin in the next few months.

Aside from that yes we are used this coin for purchasing an item to the online store but as of now is limited store because others still not adapt or accept to their payment method but Im sure someday they will add crypto and people will choose bitcoin for their payment option.

In brief here are some of the benefit of bitcoin.
 
User Autonomy.
Discretion.
Peer-to-Peer Focus.
Elimination of Banking Fees.
Very Low Transaction Fees for International Payments.
Mobile Payments.

The google trends for bitcoin word is going high. This indicates the popularity